... regimes the level of redistributive spending should be minimal. The third tenet of the formal voting theory emphasizes the importance of the form of the voting game’. On the contrary, there ... annual meetings of the International Institute of Public Finance of recent years, as well as seminars at the University of Pavia, OECD, Stockholm University and the University of Tallinn. Financial ... regime the size of the public sector should be small, a substantial part of the electorate being excluded from the decision- making process. So, independent of the type of economy, the level of...